UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): August 29, 2006
SCHOOL SPECIALTY, INC.
(Exact name of registrant as specified in its charter)
Wisconsin | 000-24385 | 39-0971239 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
W6316 Design Drive Greenville, Wisconsin 54942 |
(Address of principal executive offices, including zip code) |
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Registrant's telephone number, including area code: (920) 734-5712
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Securities Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01. Amendment of a Material Definitive Agreement
On August 29, 2006, the compensation committee of the board of directors of School Specialty, Inc. approved a change to director compensation. Effective August 30, 2006, non-employee directors will be paid an annual retainer of $50,000. Additionally, the non-employee chairman of the board will receive an additional $50,000 annually. Further, the chairperson of the audit and compensation committees will receive annually an additional $10,000 and $5,000, respectively. A pro-rated portion of the annual director fees is paid quarterly in accordance with each quarterly board meeting. No changes were made to the per-meeting fees currently paid to each non-employee director as a member of either the audit or compensation committees.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | SCHOOL SPECIALTY, INC. |
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Dated: August 31, 2006 | By: /s/ Mary M. Kabacinski |
| Mary M. Kabacinski Executive Vice President and Chief Financial Officer |
